A price-cutting tactic may backfire if

If the purpose of a licensing statute is to raise revenue, a contract with an unlicensed professional may be enforceable.

pishuonlain [190]

If the purpose of a licensing statute is to raise revenue, a contract with an unlicensed professional may be enforceable is TRUE.

Revenue raising statutes. these are licensing statutes enacted to elevate money for the government. unlicensed persons can put in force contracts and recover for rendering services.

Specialists to gain a license, authorities has some say over who can carry out which jobs as well as how many people can perform those jobs. 2. the second main purpose of licensing statutes is extra intently related to the general public interest.

Business licenses preserve corporations accountable for their sports and conduct and guard the general public's fitness and safety. professional licenses imply the quantity of competence and know-how that a specific professional possesses.

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3 0

1 year ago

On May 1, 2020, Mount Company enters into a contract to transfer a product to Eric Company on September 30, 2020. It is agreed t

sweet-ann [11.9K]

Answer:

Dr. Accounts Receivable...........25,000

Cr. Sales................................................25,000

Narration. Being sale of inventory to Eric for $25,000

Dr Cash...............25,000

Cr. Accounts Receivable....25,000

Being receipt of Cash for Sales to Eric for $25000

Explanation:

On May 1, 2020, Mount Company enters into a contract to transfer a product to Eric Company on September 30, 2020.

It is agreed that Eric will pay the full price of $25,000 in advance on June 15, 2020.

Dr. Accounts Receivable...........25,000

Cr. Sales................................................25,000

Narration. Being sale of inventory to Eric for $25,000

When Eric pays on June 15, 2020, and Mount delivers the product on September 30, 2020.

Journal Entry

Dr Cash...............25,000

Cr. Accounts Receivable....25,000

Being receipt of Cash for Sales to Eric for $25000

3 0

2 years ago

Read 2 more answers

According to libertarians, the government should redistribute income from rich individuals to poor individuals to achieve a more

devlian [24]

Answer:

b. False

Explanation:

In the United States of America, the libertarians refers to a group of people or individuals who have the philosophical views of promoting individual freedom and liberty among the people. Thus, the primary political strength, values and ideas of a libertarian is individual freedom and liberty.

Saying libertarians wants the government to redistribute income from rich individuals to poor individuals to achieve a more equal distribution of income is a false statement because the libertarians simply cares about the means being just but not concerned about the outcome of a process or event.

3 0

2 years ago

Which of the following indicates at least two accounts are affected by a transaction?

makvit [3.9K]

Answer:

Double-entry system

Explanation:

The double-entry system is a book-keeping technique that records all transactions in at least two accounts. No upper boundary is set for the number of accounts that a transaction can be recorded. In double-entry accounting, each account has two columns, debit on the left and credit on the right side.

The concept of a double-entry accounting system is based on the fact that any transaction increases or decreases one side of the accounting equations and simultaneously decreases or increases the opposite side. The debit side must match the credit side for the account to balance.

3 0

3 years ago

Which one of the following statements correctly applies to a sole proprietorship?-The business entity has an unlimited life.-The

Naddik [55]

Answer:

The correct answer is the option E: Obtaining additional equity is dependent on the owner's personal finances.

Explanation:

To begin with, a sole propietorship is the name given to a type of company whose main characteristic is that the ownership belongs to a single person and that there is no distinction between that person and the company, therefore that the owner obtains all the profits but also has unlimited responsibility for all losses and debts.

Secondly, it is understandable that for this type of company it is difficult to obtain financing and that can only be done by two ways: debts or equity. Moreover, in order to do that, the owner's personal finances have to go well according to the fact that the owner is equal to the entity and therefore there is no distinction from the finances of both.

5 0

3 years ago